TPL Signs MOU in China

GREG CHORNOBOY, Jennings Capital (08/03/2010)
"Tethys Petroleum announced this morning that it had entered into an MOU with Holding Energy Petroleum Engineering Technology (HOPEC) (Beijing) to introduce Tethys to Chinese oil companies and investors. Under the MOU, HOPEC will facilitate the process of establishing a data room in China to farm out Tethys' Tajikistan assets. . .Tethys holds a 51% working interest in the Bokhtar PSC, which covers an area of ~35,000 km2 in SW Tajikistan. Tethys has established a data room in London for some time to farm out its Tajikistan assets. While discussions are ongoing in London, the new agent in China, HOPEC, will introduce Tethys to Chinese State oil companies, who have demonstrated great interest in oil and gas assets in Central Asia in recent years."

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